Thinktanks urge Rachel Reeves to overhaul ‘broken’ tax system

Thinktanks from various political backgrounds are calling on Rachel Reeves to reform the UK's tax system, which they describe as 'broken.' They argue that current tax rules are arbitrary and discourage both work and investment. Their proposals include abolishing stamp duty and merging income tax with national insurance, aiming for pro-growth reforms that could benefit the economy. This matters because a more efficient tax system could stimulate economic activity and improve financial fairness for citizens.